Micron Technology, Inc. (NASDAQ:MU – Get Free Report) was down 4.7% during mid-day trading on Wednesday . The company traded as low as $883.25 and last traded at $891.88. Approximately 54,153,904 shares changed hands during trading, an increase of 22% from the average daily volume of 44,380,066 shares. The stock had previously closed at $935.89.
Micron Technology News Roundup
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: Analysts and market watchers continue to highlight Micron as a key beneficiary of AI infrastructure spending, with strong demand for memory chips and NAND storage supporting the bullish long-term case. AI Storage Boom Aids NAND Demand: Can Micron Capitalize on the Trend?
- Positive Sentiment: Several recent analyst reports have raised price targets or reiterated upbeat views, arguing that Micron still has double-digit upside heading into its June 24 earnings report. Analysts See Double-Digit Upside in Micron Stock — Should You Buy Before June 24 Earnings?
- Positive Sentiment: Micron’s HBM4 memory received certification for Nvidia’s next-gen AI platform, reinforcing its strategic position in high-bandwidth memory and the broader AI cycle. Nvidia Corp (NVDA) Strengthens AI Platform with Micron HBM4
- Positive Sentiment: Micron is also being described as one of the smarter AI stocks to own, as investors rotate toward companies with direct exposure to AI memory bottlenecks and data-center spending. Everyone’s Buying NVIDIA – Here Are 2 Smarter AI Stocks for 2026
- Neutral Sentiment: Micron remains in focus ahead of fiscal Q3 earnings on June 24, with investors waiting for confirmation that AI-driven demand can sustain the company’s recent momentum. Can Micron Stock Keep Climbing? New Analyst Calls Offer Clues Ahead of Q3 Earnings
- Neutral Sentiment: At the same time, some coverage warns that expectations are very high after Micron’s enormous rally, and Goldman Sachs is reportedly cautious ahead of earnings because the bar has risen sharply. Why Goldman Is Cautious on Micron Stock Ahead of Earnings
- Negative Sentiment: Some articles emphasize recent volatility and profit-taking in AI stocks, suggesting Micron’s massive gains could invite pullbacks if investors rotate out of the trade. 2 Popular AI Stocks to Sell Before They Drop 44% and 60%, According to Wall Street
Analysts Set New Price Targets
MU has been the subject of a number of analyst reports. Barclays upped their price objective on shares of Micron Technology from $450.00 to $675.00 and gave the stock an “overweight” rating in a research report on Thursday, March 19th. Summit Insights downgraded shares of Micron Technology from a “buy” rating to a “hold” rating in a research report on Thursday, March 19th. Wolfe Research upped their price objective on shares of Micron Technology from $550.00 to $1,250.00 and gave the stock an “outperform” rating in a research report on Thursday. Weiss Ratings reiterated a “buy (b)” rating on shares of Micron Technology in a research report on Tuesday, May 12th. Finally, TD Cowen upped their price objective on shares of Micron Technology from $550.00 to $660.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Five analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $737.63.
Micron Technology Stock Performance
The business’s 50-day simple moving average is $665.31 and its two-hundred day simple moving average is $459.87. The firm has a market cap of $1.11 trillion, a price-to-earnings ratio of 46.53 and a beta of 2.16. The company has a quick ratio of 2.32, a current ratio of 2.90 and a debt-to-equity ratio of 0.13.
Micron Technology (NASDAQ:MU – Get Free Report) last released its quarterly earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share for the quarter, topping the consensus estimate of $9.19 by $3.01. Micron Technology had a net margin of 41.49% and a return on equity of 41.16%. The firm had revenue of $23.86 billion during the quarter, compared to the consensus estimate of $19.97 billion. During the same quarter in the prior year, the firm earned $1.56 EPS. The company’s revenue for the quarter was up 196 on a year-over-year basis. As a group, sell-side analysts expect that Micron Technology, Inc. will post 59.23 earnings per share for the current fiscal year.
Micron Technology Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Monday, March 30th were given a dividend of $0.15 per share. This is a boost from Micron Technology’s previous quarterly dividend of $0.12. The ex-dividend date was Monday, March 30th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Micron Technology’s payout ratio is currently 2.83%.
Insider Activity at Micron Technology
In related news, Director Steven J. Gomo sold 2,000 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $787.03, for a total transaction of $1,574,060.00. Following the completion of the transaction, the director owned 17,139 shares in the company, valued at $13,488,907.17. This represents a 10.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP April S. Arnzen sold 40,000 shares of the company’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $347.39, for a total transaction of $13,895,600.00. Following the transaction, the executive vice president owned 125,737 shares of the company’s stock, valued at approximately $43,679,776.43. This trade represents a 24.13% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 146,000 shares of company stock worth $85,486,715 in the last quarter. Company insiders own 0.24% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of MU. High Note Wealth LLC grew its stake in Micron Technology by 65.4% during the 4th quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock valued at $25,000 after acquiring an additional 34 shares in the last quarter. Elevation Wealth Partners LLC grew its stake in Micron Technology by 295.8% during the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock valued at $27,000 after acquiring an additional 71 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in Micron Technology during the 1st quarter valued at about $27,000. Steigerwald Gordon & Koch Inc. grew its stake in Micron Technology by 4,800.0% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock valued at $28,000 after acquiring an additional 96 shares in the last quarter. Finally, Bayban purchased a new stake in Micron Technology during the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 80.84% of the company’s stock.
Micron Technology Company Profile
Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.
Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.
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